Indicator analysis. Daily review of GBP / USD pair for May 9, 2018

- 14.30 London time, USD, stocks of crude oil, the expected value is -1.167M compared to the previous value of 6.218M.

Trend analysis (Figure 1).

On Tuesday, the price moved in the side channel. On Wednesday, there is a high probability for the market to continue its downtrend. A complex analysis will more accurately determine where the price will go next.

Fig. 2 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candle analysis - neutral;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion:

On Wednesday, the GBP / USD pair will move down towards the first target of 1.3462 with 38.2% retracement level.